Fannie Mae-No Politics (FNMA)

[fnma2015]

I am very cinfused. Anybody can help?




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Peter Wallison: No, if we ever let them out of conservatorship, they would go back to the business that they were in before. I’m perfectly happy that government is taking all their profits, because it keeps them from gaining capital. If they had capital there would be tremendous pressure in Congress to release them. We have to come up with a new system, unfortunately we don’t know what such a system will look like. Once we come up with a new system, Fannie and Freddie will be gone
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This really doesn't sound good. They want to sweep all the profit.
But why the stock price was going up? Do I miss something else?
Can somebody tell me? thanks.